Citi Trends, Inc.

Greetings and welcome to the CTRN 4Q19 earnings conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. At that time, if you have a question, please press the 1 followed by the 4 on your telephone. If at any time during the conference you need to reach an operator, please press star 0. As a reminder, this conference is being recorded on Friday, March 13, 2020. I would now like to turn the conference over to Nitsa McKee, Senior Associate with ICR. Please proceed.

Thank you. Our earnings release was sent out this morning at 6.45 a.m. Eastern Time. If you have not received the copy of the release, it's available on the company's website under the Investor Relations section at www.citytrends.com. You should be aware that prepared remarks made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance. Therefore, you should not place undue reliance on these statements. We refer you to the company's most recent report on Form 10-K and other subsequent filings with the Securities and Exchange Commission for a more detailed discussion of the factors that can cause actual results to differ materially from those described in the forward-looking statement. I will now turn the call over to our executive chairman, Peter Sachse. Peter?

Thank you, Anitza, and good morning, everyone. It is a pleasure to be speaking with you this morning, and I am truly excited about the road that lies ahead for City Trends. We have put in place a clear strategic roadmap, and we are well on our way. In taking on the interim CEO role in December, it was my goal to establish a framework and culture of success at this company with a clear focus to enter into the next growth phase for City Trends. In establishing that framework, we made key hires, including Lisa Powell, our Chief Merchandising Officer. Lisa joined us from Century 21. She has 30 years of retail experience, 20 of which were with TJX in merchandising and planning roles. Lisa is a tremendous partner and a true leader. We also hired Charlie Hines in the critical role of Senior VP of Supply Chain. Before joining us, Charlie spent the last eight years with Burlington, and prior to that he was a supply chain consultant.